Month: June 2014

WASHINGTON, Jun 30 - General Motors said Monday it will pay at least $1 million and probably much more in compensation for people killed in car accidents tied to defective ignition switches. Facing possibly hundreds of death and injury claims for a problem

As Adidas AG stopped using Luis Suarez for World Cup marketing after the Uruguay striker received a four-month ban for biting an opponent, Netflix Inc. and McDonald’s Corp. seized the opportunity for free publicity. “Don’t worry #Suarez, four months

MOMBASA, Kenya, Jun 30 - Twenty five agencies have signed the Mombasa Port Community Charter, a binding pact with the aim of improving efficiency at the port of Mombasa. The organisations are drawn from government agencies, private sector, civil society

BUENOS AIRES, June 30 - Argentina risks technical default by the end of Monday in its combat with so called vulture funds over a US court ruling that it must settle unpaid debts to bondholders. The country must reach an agreement to pay $1.3 billion

JOHANNESBURG, June 30- South Africa's trade deficit narrowed to 6.57 billion rand ($619 million, 453 million euros) in May, but fears of a hit from another protracted mining strike loomed. Imports fell by 5.9 percent during the month, helping to slash

NAIROBI, Kenya, Jun 30 - The Ministry of Devolution and Planning intends to release tenders worth Sh50 billion in the next coming year to empower the youth and women in the country. Cabinet Secretary for Devolution and Planning Anne Waiguru is encouraging

LONDON, June 30 - Global oil prices fell on Monday but tensions in the crude-producing Middle East -- where jihadists declared an Islamic state straddling Iraq and Syria -- will likely keep prices high, analysts said. Brent crude for delivery in August

NAIROBI, Kenya, Jun 30 - Diamond Trust Bank (DTB) kicked off a Rights Issue on Monday, from which it targets to raise Sh3.63 billion to finance its expansion programme. The bank will be offloading an additional 22 million shares to existing shareholders,

NAIROBI, Kenya, Jun 30 - Kenya's overall rate of inflation in the month of June has gone up to 7.39 percent from 7.30 percent recorded in the month of May 2014. According to latest data from the Kenya National Bureau of Statistics (KNBS) housing, water,

NAIROBI, Kenya, Jun 30 - Tanzania has endorsed the East African Community Monetary Protocol making it the first country to ratify it ahead of its EAC peers. The Deputy Minister for East African Cooperation Abdulla Saadalla said that Tanzania's ratification